Ecuador faces severe energy crisis
Business Matters
by BBC World Service
5h ago
Businesses in the South American nation have been told to shut down for two days due to power cuts caused by drought. We find out more. The Scottish government is to scrap its flagship target of reducing greenhouse gas emissions by 75% by 2030. We hear why. And Google terminates 28 staff who protested against a contract signed with the government of Israel. Rahul Tandon discusses these and more business stories with two guests on opposite sides of the world: Tony Nash, CEO of Complete Intelligence in Texas, and Jessica Khine, head of Asia for Astris Advisory Japan in Malaysia. (Picture: A sale ..read more
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Biden calls for tripling tariffs on China steel
Business Matters
by BBC World Service
5h ago
President Jo Biden is set to call for a tripling of US tariffs on steel and aluminium. His demand for tariff hikes comes as he tackles fraught relations with China. A Boeing engineer has told US lawmakers that he was harassed and threatened after he raised concerns about the safety of the company's planes. We hear from engineers and their claims. The Michigan consumer sentiment survey suggests that despite the US economy doing well people are not very positive. We find out why from local Americans. [REUTERS/Elizabeth Frantz ..read more
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Flash floods hit the Gulf State
Business Matters
by BBC World Service
5h ago
Flash floods have bought Dubai to a standstill. Devina Gupta speaks to a tourist from India who is one of thousands stuck at a mall The Mall of Emirates throughout the night after roads became gridlocked and the metro system stopped working. Also, the International Monetary Fund - is renewing its confidence in the American economy. The IMF report shows the US economy is set grow but what does growth mean for business owners? We speak to a restaurant owner in California about what this means for ordinary people trying to make a living. Plus, UK's smoking ban policy - what is it and its impacts ..read more
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Tesla announces global job cuts
Business Matters
by BBC World Service
3d ago
US electric car maker tesla has announced job cuts - is the ride getting rough for the global electric vehicle market? Also, should China face sanctions for buying oil from Iran? We speak to a Congressman from the US who thinks so Plus, the truth behind truth social continues as we look how Trump Media shares have been falling. And finally, is America’s immigration system broken? Our reporter Erin Delmore has been looking at the political and bureaucratic issues adding to America's labour shortage. [Image credit: REUTERS/Gonzalo Fuentes/File Photo ..read more
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Iran and Israel tensions escalate
Business Matters
by BBC World Service
5d ago
On today’s programme we discuss the likelihood and nature of an Iranian attack on Israel. Also, find out why a hunger strike has begun on the island of Tenerife in response to the damaging effects of tourism on the Canary Islands. Plus, we head to Argentina and find out how they are grappling with high inflation. And finally, find out how an American Farm Grows $1,700-Per-Pound White Truffles… [Image credit: Reuters ..read more
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The Gun Show Loophole
Business Matters
by BBC World Service
1w ago
The European Central Bank has held interest rates steady at a record high of 4% on today, we hear more from a Chief Economist at Germany's Berenberg bank Demand for ‘Granny flats’ are growing in Australia due to sky rocketing rents And in London the annual BAFTA Games Award has taken place. We learn more about the winner Venba, a cooking game about a family that emigrates from India to the US ..read more
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Cost of living shock: US Inflation is up
Business Matters
by BBC World Service
1w ago
Consumer prices in the US rose faster than expected last month. The CPI measure of inflation rose 3.5% over the 12 months to March, up from 3.2% in February, the US Labor Department said. How will the new law restricting abortion in Arizona affect the state’s clinics? Plus UK Paralympic legend Baroness Tanni-Grey Thompson tells us what she makes of the news that athletes will soon be paid for winning an Olympic gold medal. (Picture: Wad of U.S. paper bills - stock photo. Picture credit: Getty Images ..read more
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How is the surging price of commodities affecting the global economy?
Business Matters
by BBC World Service
1w ago
Commodities - the raw materials that power business around the globe - are surging in price. And that suggests investors betting on a prolonged expansion—and a potential rebound in inflation. The S&P GSCI, which tracks commodity prices has advanced 12% this year. Copper and oil have gained more than 10% and 17%, respectively. Gold is also posting fresh records, rising 13% to $2,332 a troy ounce. So what's going on? Also, in the programme, the presenter Roger Hearing finds out why some politicians have pushed back against New York City’s congestion charging plan. (Picture: Businessman using ..read more
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Solar Eclipse lights up businesses in the US
Business Matters
by BBC World Service
1w ago
More than thirty million people live along the path of the solar eclipse; many others have travelled to share the experience. NASA conducted experiments to study the Sun's atmosphere during the phenomenon. A quarter of Airbnb guests in the US with bookings for Sunday night were booked for a stay in the eclipse’s path. Also, in the programme, the presenter Sam Fenwick finds out why tens of thousands of people in the gaming industry sector have lost their jobs in the last few months and why Australian farmers relying on the weather broadcast. (Picture: Solar Eclipse in Mexico, Mexico City - 08 A ..read more
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Impact of a rare earthquake being assessed across NYC and US East Coast
Business Matters
by BBC World Service
1w ago
A rare earthquake that struck New York City has swayed landmarks and cracked roads. Roger Hearing has been speaking to an NYC based stockbroker who describes the moment of impact plus we hear from the Co-Director of the Global Resilience Institute Dr Daniel Aldrich about whether New York is prepared to withstand a quake of a larger magnitude. Also, on the program we find out about emerging economies joining U.S. and Europe in shielding domestic manufacturers from a rising tide of Chinese imports. Plus, Argentina struggles to fight against its lethal dengue season as insect repellents run low ..read more
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